The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require 12 direct labor hours for manufacture. Each product is budgeted for 250 units of production for the year. Determine the total number of budgeted direct labor hours for the year. ________ direct labor hours Determine the single plantwide factory overhead rate. $______ per dlh Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. Speedboats $_____per unit Bass boats $_____ per unit
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
The total factory
Determine the total number of budgeted direct labor hours for the year.
________ direct labor hours
Determine the single plantwide factory overhead rate.
$______ per dlh
Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.
| Speedboats | $_____per unit |
| Bass boats | $_____ per unit |
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